1375 Middlesex StLowell, MA 01851

Property Details for 1375 Middlesex St

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.49 AC

Property size (Sq ft)

8,716 SF

Zone code

LI

Property type

Retail properties

Property subtype

Auto shops

APN

LOWE M:71 B:4085 L:1375

APU

LOWEM71B4085L1375

Description

This exceptional 8,776-square-foot industrial building, situated on a 0.49-acre lot in Lowell, Massachusetts, presents a unique investment opportunity. Currently configured as an automotive showroom, service center, and dealership, this property boasts a highly desirable location with 21,000 vehicles passing daily. Built in 1960 and renovated in 2007, the single-story building features 16-foot ceilings, ideal for automotive lifts, storage, or large equipment. With a capacity for 75 vehicles, the facility includes 10 auto lifts, a four-post alignment rack, a drive-through service area, and auto exhaust venting. The Light Industrial (LI) zoning allows for a variety of uses. The property offers excellent access to the greater Lowell trade area, the University of Massachusetts Lowell, Route 3, and Route 495. This turnkey operation is being delivered vacant at closing, providing immediate occupancy for the new owner. The asking price is $1,995,000, with a 6.60% cap rate. Business equipment and licenses may be available. Don't miss this chance to own a high-traffic, well-equipped commercial property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,118,292

  6.5%

  $1,955,347

  7%

  $1,815,679

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,869,858

  Geo Method

  $2,869,858

• Alternative Use

  Use

  Valuation

  Residential

  $1,649,408

  Hospitality

  $1,510,849

  Educational

  $1,257,009

  Medical

  $1,300,239

  Retail

  $1,955,347

Location Insight

City

Lowell

County

Middlesex

State

Massachusetts

Latitude

42.6385

Longitude

-71.3414

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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